Collection of service tax on commercial shops rental income
This query is : Resolved
13 July 2015
I am owning Five Commercial shops in Hubli, and receiving Rs.10000/-p m for each shops in total Rs.50000/-from all five shops.Ihave only these commercial shops rental income, no other rental income to me .Shall I collect Service Tax on these commercial shops rental income ? if yes, at what rate I have to collect service tax from them.
13 July 2015
No, your total rental income is less than 10 lacs per year hence no service tax applicable to you.
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